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Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
British Pound (GBP) Price Outlook: More Losses Likely for GBP/USD
GBP: What To Expect From BoE
The British pound opened the week marginally higher across a range of currencies, with GBP/USD up above 1.2762.
At 14:00 today (GMT+8), the U.K. released its jobs data, which is worse than expected. In this condition, investors should pay heed to reversal signals on GBP/USD and GBP/JYP.
Bank of England Governor Andrew Bailey change his comment last week that negative rate “is not an approach we’re considering or planning to take” and said it’s the right time to review and assess all policy tools
On Thursday, British Chancellor Sajid Javid suddenly resigned from the post that he was appointed to only 6 months ago. More importantly, the British government has scheduled to release its first budget plan after Brexit in March and the Chancellor’s resignation at such a crucial moment seems to imply severe conflicts within the Downing Street.
Recent survey shows Britain’s 10-year bond yield has dropped to 0.484%, the lowest since October 10th, 2019.
Scheduled event risk is starting to give way to sentiment and systemic fundamental concerns a prospect that threatens volatility at a time of year when quiet is supposed to prevail. Trade wars are finding guidance from headlines that President Trump regularly tops, while recession fears are tied more closely to
Next weeks UK data vacuum will be filled by the latest political shenanigans with rumor and counter-rumor focusing on who is up to what, with who and why.
Reports that the British Pound could slump to parity with the US Dollar suggest that negativity towards Sterling is now so pervasive that GBPUSD could be ripe for a recovery.
Sterling (GBP) is likely to become more volatile as the clock ticks down to the latest Brexit deadline - October 31st.
Sterling will be casting a worried eye ahead of UK unemployment data after a dismal cascade of reports and NOK may fall on CPI amid falling crude oil prices.
The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.
GBPUSD is stable at close to the 1.30 mark after last weeks falls but will likely break to the downside unless there is progress in the Brexit talks between the Conservatives and Labour.
Of the four leading candidates to replace Theresa May as UK Prime Minister, Opposition leader Jeremy Corbyn would be the most positive for the British Pound, according to a DailyFX poll.
Sterling is down nearly 2% after reversing from seven-month highs last week. Here are the targets and invalidation levels that matter on the GBP/USD weekly
Sterling looks to have broken decisively above the 1.32 level ahead of more Brexit votes in the UK Parliament as the chances of a no-deal
The fundamental environment will grow increasingly tumultuous over the coming week. We wil continue to sort through general themes like the lifting of the US